{"id":549987,"date":"2022-10-10T03:21:52","date_gmt":"2022-10-10T03:21:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/"},"modified":"2022-10-10T03:21:52","modified_gmt":"2022-10-10T03:21:52","slug":"natco-reportedly-acquires-a-third-of-ev-platform-electrified","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/","title":{"rendered":"NATCO reportedly acquires a third of EV platform Electrified"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>State-owned National Automotive Company (NATCO) has acquired 33% of local <\/strong><strong>private sector EV services<\/strong><strong> p<\/strong><strong>latform <\/strong><strong><a href=\"https:\/\/www.electrifiedev.com\/\">Electrified<\/a><\/strong>, according to a report by <a href=\"https:\/\/bit.ly\/3T1Zvo4\">Al Mal<\/a>.<\/p>\n<p><strong>NATCO looks to be building an EV empire \u2014 with a first mover advantage. <\/strong>The company wants to become the country\u2019s leading electric vehicle distributor and plans to grow Electrified to become the region\u2019s largest EV services platform, the newspaper quotes NATCO CEO Yasser Saleh as saying. The firm is already <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4931ca8e-a807-483d-be7c-d713a24af4db\">setting up<\/a> the country\u2019s first electric car distributor with state-owned El Nasr Automotive. It will be the sole distributor of the first locally-assembled EVs in the market and will also import and distribute EVs from other manufacturers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned National Automotive Company (NATCO) has acquired 33% of local private sector EV services platform Electrified, according to a report by Al Mal. NATCO looks to be building an EV empire \u2014 with a first mover advantage. The company wants to become the country\u2019s leading electric vehicle distributor and plans to grow Electrified to become [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":549988,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7339],"tags":[144,2527,72,356,1390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-electrified","tag-enterpriseam","tag-evs","tag-natco","wpautop","entry"],"acf":{"mongo_id":"dac42d04-cd3f-4adb-a940-5568dbf190b3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/175.jpg","photo_position":"above","related_issue":[549976],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NATCO reportedly acquires a third of EV platform Electrified - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NATCO reportedly acquires a third of EV platform Electrified\" \/>\n<meta property=\"og:description\" content=\"State-owned National Automotive Company (NATCO) has acquired 33% of local private sector EV services platform Electrified, according to a report by Al Mal. NATCO looks to be building an EV empire \u2014 with a first mover advantage. The company wants to become the country\u2019s leading electric vehicle distributor and plans to grow Electrified to become [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-10T03:21:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/175.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NATCO reportedly acquires a third of EV platform Electrified\",\"datePublished\":\"2022-10-10T03:21:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/175.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"Electrified\",\"EnterpriseAM\",\"EVs\",\"NATCO\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/natco-reportedly-acquires-a-third-of-ev-platform-electrified\/\",\"name\":\"NATCO reportedly acquires a third of EV platform Electrified - 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NATCO will hold the controlling 76% stake in the yet-to-be named firm,\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587091,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/22\/alameda-plans-usd-50-mn-hospital-in-new-assiut-plus-mercedes-evs-aibank-tunisian-manufacturer-eyes-egypt\/","url_meta":{"origin":549987,"position":1},"title":"Alameda plans USD 50 mn hospital in New Assiut. 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The upcoming agreement for the assembly of the EVs will be \u201cvery different\u201d from the\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564044,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/mercedes-local-partner-plans-egp-1-bn-bond-issuance-to-enter-ev-market\/","url_meta":{"origin":549987,"position":3},"title":"Mercedes\u2019 local partner plans EGP 1 bn bond issuance to enter EV market","author":"enterpriseam admin","date":"4 August 2021","format":false,"excerpt":"A EGP 1 bn bond issuance could help Mercedes\u2019 local partner enter the EV market: The National Automotive Company (NATCO) plans to offer bonds worth EGP 1 bn to expand its distribution network and enter the electric-vehicle (EV) sector, the company said in an emailed statement (pdf). The production and\u2026","rel":"","context":"In &quot;SPEED ROUND: CAPITAL MARKETS&quot;","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656268,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/02\/alkan-natco-and-zero-carbon-plan-major-ev-launches-in-2025\/","url_meta":{"origin":549987,"position":4},"title":"Alkan, NATCO, and Zero Carbon plan major EV launches in 2025","author":"enterpriseam admin","date":"2 December 2024","format":false,"excerpt":"Chinese BAIC group\u2019s local agent Alkan Auto is preparing to launch BAIC\u2019s Arcfox EVs to the market during 1Q 2025","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598009,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/natco-will-accept-a-wider-range-of-payments-for-mercedes-after-eca-complaints\/","url_meta":{"origin":549987,"position":5},"title":"NATCO will accept a wider range of payments for Mercedes after ECA complaints","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"Local Mercedes agent National Automotive Company (NATCO) will now accept a wider range of payment terms for its vehicles, the Egyptian Competition Authority said in a statement (pdf). 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